CMSC buys 165 million shares of Vietnam Airlines

Hanoi (VNA) – The Commission for
the Management of State Capital at Enterprises (CMSC) has bought nearly 165
million shares of the national flag carrier Vietnam Airlines, bringing its
total stake to more than 1.22 billion shares, according to the Hanoi Stock
Exchange.

The volume of shares is equivalent to 86.16 percent
of Vietnam Airlines, which is listed as HVN.

Earlier, the carrier announced the issuance of
more than 191.19 million shares to existing shareholders at the price of 10,000
VND (0.4 USD) per share.

The Ministry of Transport, which represented the
State in the ownership of HVN shares before they were transferred to the CMSC,
was allocated more than one trillion buying rights. It then decided to put up
more than 371.5 million buying rights for auction with a starting price of 6,026
VND each.

At the end of the registration period, only nine
individuals registered to buy 272,000 buying rights. However, no investor came
to buy the rights and to receive the deposit.

In the trading session on December 25, HVN stocks
were traded at 32,000 VND per share.-VNA